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Is there capital gains liability on residential property? - Property Hotline
Posted
June 30, 2016
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19
June 30, 2016
19
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2:24Now PlayingBe Un Confused
Expert: Vinay Singh, Tax & Legal Expert
Question: If you sell a residential property and buy a commercial property using the capital gains, then will I have to pay capital gains tax?
Answer: Yes you will have to pay the capital gains tax if you buy a commercial property after selling residential property. Tax benefits are only available for investing in residential property.
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